Sthavirakaya
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Sthavira or Sthavirakaya (Sanskrit) [fromsthavira old and venerable bhikshu.
The school of the elder, president, or chohan; one of the earliest philosophical contemplative schools, founded in 300 BC, distinctly Buddhist in character.
In 247 BC, it split into three divisions: the Mahavihara (dweller of the great monasteries); Jetavaniyah; and Abhaya -giri-vasinah.
It is one of the four branches of the Vaibhashika school founded by Katyayana, one of the disciples of Gautama Buddha and author of the Abhidharma-Jnana-Prasthana-Sastra.
All these schools are highly mystical, although frequently stated to be materialistic, which may be the fact in later times when they had degenerated and literalism took the place of the original mystical intent and significance of their teachings.
See also Abhayagiri